AGF Management Ltd. purchased a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 108,682 shares of the company’s stock, valued at approximately $2,326,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. GC Wealth Management RIA LLC bought a new position in Americold Realty Trust during the 4th quarter valued at about $224,000. Johnson Investment Counsel Inc. bought a new position in Americold Realty Trust during the 4th quarter valued at about $2,011,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Americold Realty Trust by 30.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 220,059 shares of the company’s stock valued at $4,709,000 after purchasing an additional 51,002 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its holdings in Americold Realty Trust by 5.7% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 117,690 shares of the company’s stock valued at $2,519,000 after purchasing an additional 6,372 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of Americold Realty Trust in the fourth quarter worth about $933,000. 98.14% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
COLD has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Barclays dropped their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Raymond James dropped their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Scotiabank boosted their target price on shares of Americold Realty Trust from $27.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, March 10th. Finally, Truist Financial dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $29.25.
Americold Realty Trust Stock Up 3.1 %
Shares of NYSE:COLD opened at $21.39 on Friday. Americold Realty Trust, Inc. has a one year low of $20.41 and a one year high of $30.45. The company has a 50 day moving average of $21.73 and a 200-day moving average of $24.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of -62.90, a P/E/G ratio of 1.66 and a beta of 0.57.
Americold Realty Trust (NYSE:COLD – Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The firm had revenue of $666.44 million during the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current year.
Americold Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Tuesday, December 31st. Americold Realty Trust’s dividend payout ratio is currently -258.82%.
Americold Realty Trust Company Profile
Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.
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